Bawan Signs Binding Mou To Acquire Petronash Holding
BAWAN COMPANY 
1302:
SIGNS BINDING MOU WITH PETRONASH GLOBAL LIMITED.
MOU TO ACQUIRE 100% OF OUTSTANDING SHARES OF PETRONASH HOLDING
BAWAN WILL PAY TO SELLER AN INITIAL AMOUNT OF $80 MILLION
ENTIRE SHARES OF COMPANY ARE VALUED AT $175 MILLION
WILL ALSO PAY SELLER MAXIMUM OF $60 MILLION SUBJECT TO CO ACHIEVING SET FINANCIAL TARGETS
WILL PURCHASE REMAINING 20% OF PETRONASH GLOBAL SHARES AFTER ISSUANCE OF FINANCIAL STATEMENTS OF 2027 OR 2028